PTA Corporation budgeted its sales for the next seven months as follows:  Budgeted Sales May $311,000 June $364,000 July $298,000 August $325,000 September $216,000 October $347,000 November $253,000 20% of the company's sales are cash sales and 80% of the company's sales are made on account. On average, 43% of the sales on account are collected in the month of sale, 24% is collected in the month following sale, 18% is collected in the second month following sale, and the remaining 15% is collected three months after the month of sale. The budgeted cash collections for the month of August would be equal to:

Group of answer choices

$322,488

$257,024

$321,280

$508,416

$322,024

$246,530

$386,280

$511,914

$323,752

$289,176

none of the above choices are correct